HKG:1349 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-157.44	39.73	108.63	138	213.3
Depreciation & Amortization	61.03	74.2	59.93	80.97	60.85
Other Amortization	17.62	8.02	2.3	1.22	0.96
Loss (Gain) From Sale of Assets	-0.22	-0.03	-0.3	-1.92	-1.78
Asset Writedown & Restructuring Costs	0.35	4.42	5.78	1.01	0.35
Loss (Gain) From Sale of Investments	9.85	10.41	4.35	1.28	-20.76
Stock-Based Compensation	-	-	-1.84	7.69	64.97
Provision & Write-off of Bad Debts	-23.85	-8.93	23.9	-2.41	5.78
Other Operating Activities	1.8	2.49	6.23	-0.28	-6.13
Change in Accounts Receivable	213.27	114.05	-10.47	-89.73	-95.37
Change in Inventory	12.53	-5.86	-6.57	-5.84	0.32
Change in Accounts Payable	1.46	-236.31	-74.05	48.72	72.56
Change in Unearned Revenue	3.13	13.69	-31.89	-6.76	-9.89
Operating Cash Flow	141.4	-16.51	71.02	165.27	268.9
Operating Cash Flow Growth	-	-	-57.03%	-38.54%	137.96%
Capital Expenditures	-32.37	-42.67	-98.97	-87.3	-120.12
Sale of Property, Plant & Equipment	0.83	0.64	0.68	1.44	1.71
Divestitures	-	-	-	-	6.34
Investment in Securities	15.25	18.15	52.91	-10.88	-243.6
Other Investing Activities	4.08	1.74	-	-	-
Investing Cash Flow	-12.21	-22.14	-45.38	-96.75	-355.67
Short-Term Debt Issued	-	-	-	101	-
Total Debt Issued	-	-	-	101	-
Long-Term Debt Repaid	-6.81	-7.93	-109.38	-9.52	-7.5
Total Debt Repaid	-6.81	-7.93	-109.38	-9.52	-7.5
Net Debt Issued (Repaid)	-6.81	-7.93	-109.38	91.48	-7.5
Issuance of Common Stock	-	-	66.86	-	-
Repurchase of Common Stock	-	-	-	-8.7	-40.82
Common Dividends Paid	-31.1	-93.29	-76.15	-71.04	-52.15
Other Financing Activities	-	-0.05	-0.31	-0.14	-0.69
Financing Cash Flow	-37.91	-101.27	-118.98	11.61	-101.16
Foreign Exchange Rate Adjustments	-0.49	0.32	-0.07	0.29	-0.07
Net Cash Flow	90.79	-139.61	-93.41	80.42	-188.01
Free Cash Flow	109.03	-59.18	-27.95	77.96	148.78
Free Cash Flow Growth	-	-	-	-47.60%	110.76%
Free Cash Flow Margin	15.90%	-8.34%	-3.29%	7.56%	13.05%
Free Cash Flow Per Share	0.10	-0.06	-0.03	0.08	0.14
Cash Income Tax Paid	49.54	49.21	33.53	68.66	68.12
Levered Free Cash Flow	153.42	-96.46	18.64	86.7	116.02
Unlevered Free Cash Flow	153.83	-96.09	20.56	87.67	116.68
Change in Working Capital	232.25	-146.83	-137.96	-60.29	-48.63

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.